I want to know what should I expect in terms of gross earnings$$$/unit managed as well as net earnings$$$/unit managed?

For one thing it is in Passaic County which has nice areas but is not good shape in terms of management, taxes, fiscal responsibility etc.As others pointed out it is not a good area (C- or D) so you have all the problems with that type of market if you are buying and are not local.

@Michael I don't have much to offer in terms of your question but good luck on your endeavor.

thanks for all the great feedback guys i will definitely keep them in mind. to answer some of your questions though, i'm looking to invest in buy and hold properties. cashflow is my #1 priority. also, in terms of financing it i would either do a conventional loan or private loan on top of what i have saved up.also, is there a section on this site where i can find potential partners and or mentors?

It should just be property revenue - property expenses.2) In terms of calculating your NOI:a) Management Fee: You should still use a management fee (5-10% properties under 50 units, 3-4% over 100 units) as investors and banks will include a property management fee when underwriting the transaction.  

It's nice to meet another one.I would suggest your fill out your profile completely, and give more information about what kind of work you do and what you are looking for in terms of deals.Have you listened to the Podcasts yet?

Have any of you used this company or a similar service to expand your online presence, and if so how has it worked out in terms of generating leads? 

I would ideally like to rent this property out for at least $825/month.I didn't do the best job on my last "deal diary" in terms of keeping it up to date, so I'm hoping I can stay on track with this one.Step 1 - Make offer.

I realize what this means in terms of earnest money, but what does it mean in terms of our current contract numbers.

Also, don't think in terms of prices, think in terms of CAP rates when you buy your next investment property.